For the past quarter century; the most effective “stimulus” for the U.S. economy has been a fall in gasoline prices. This is no great surprise, given that the United States had been the most gas-guzzling nation on the planet – and by a wide margin. But times have changed!
After Barack Obama publicly admitted that the U.S. government had ruthlessly manipulated oil prices lower, as “part of its strategy” of economic terrorism against Russia; global oil prices have been cut in half. The only other time that oil prices have fallen so far or so fast in the last quarter century was the brief/temporary collapse in prices which accompanied the Crash of ’08.
Has this enormous economic stimulus kick-started the U.S.’s zombie economy? Not at all. Indeed, the collapse in the U.S. retail sector has accelerated throughout this plunge in oil/gasoline prices. This should not be possible. Economic stimulus from lower prices (in any sector) is supposed to be automatic.
What does it mean when an economy not only fails to respond to “automatic” stimulus, but continues to rapidly decompose? It means we are dealing with a deceased economy. This is a “surprise” to the irredeemable charlatans who have the audacity to call themselves economists, but it shouldn’t have been. Not if any of them were paying attention. Not if any of them lived in the real world.
Add this page to your favorite Social Bookmarking websites
Disclaimer: The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of FUTURE FASTFORWARD. The contents of this article are of sole responsibility of the author(s). FUTURE FASTFORWARD will not be responsible or liable for any inaccurate or incorrect statements contained in this article.
Copyright Notice: This web site contains copyrighted materials the use of which may or may not have been specifically authorized by the copyright owner. These materials are so critical to the understanding of the present and the future problems and challenges that we are facing, that we feel that everyone should be aware of these materials.
We believe this constitutes a 'fair use' of any such copyrighted material as provided for in the relevant copyright laws of the jurisdiction from which it is taken. Other than specific downloads for which payment is specifically requested, all other materials on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. An entry to this website is deemed a request for information.